Rs. 160000 is divided into two equal parts. One part is invested in a scheme which gives 12% interest compounded annually for two years. The other part is invested in a scheme offering simple interest of 13% for 2 years. What is the difference between the interest earned on the two schemes?

Rs. 160000 is divided into two equal parts. One part is invested in a

1.	Rs. 160000 is divided into two equal parts. One part is invested in a scheme which gives 12% interest compounded annually for two years. The other part is invested in a scheme offering simple interest of 13% for 2 years. What is the difference between the interest earned on the two schemes?
A.	Rs. 512
B.	Rs. 426
C.	Rs. 448
D.	Rs. 568
E.	None of these
Answer» D. Rs. 568

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Rs. 160000 is divided into two equal parts. One part is invested in a scheme which gives 12% interest compounded annually for two years. The other part is invested in a scheme offering simple interest of 13% for 2 years. What is the difference between the interest earned on the two schemes?

Rs. 160000 is divided into two equal parts. One part is invested in a scheme which gives 12% interest compounded annually for two years. The other part is invested in a scheme offering simple interest of 13% for 2 years. What is the difference between the interest earned on the two schemes?

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